$BitMine Immersion Tech(BMNR.US)$BitMine Immersion Tech(BMNR.US) is currently NOT staking any $Grayscale Ethereum Mini Trust ETF(ETH.US).

They have ~2M ETH.

If they stop here, stop the ATM, and let the stock run, they will command a higher mNAV because yield income at a 25-30X multiple is not priced in.

At a ~2.7% staking yield on 2,000,000 ETH

Annual yield: 54,000 ETH ($540M 👀)

~13,500 ETH/quarter ($135M)

~4,500 ETH/month ($45M)

~148 ETH/day ($1.5M)

At 90% profit margin, that‘s 48,600 ETH → $486M/yr

Value of cashflow @ 30X = $486M × 30 = $14.6B 🤯

Think $200 🧲

Compared to the double Ethereum ETF, this is the advantage of stockpiling coins.